Trading Conditions
Spreads
The spreads below represent the aggregate level under normal trading conditions, it is important to understand that spreads are not fixed and can fluctuate with market conditions. For more information, please contact your representative or customer service.
|
Currency Pair
|
WebFX
Spreads |
MetaTrader 4
Spreads |
|
EUR/USD
|
0.0003
|
0.0003
|
|
GBP/USD
|
0.0004
|
0.0004
|
|
USD/JPY
|
0.03
|
0.03
|
|
AUD/USD
|
0.0003
|
0.0003
|
|
NZD/USD
|
0.0004
|
0.0004
|
|
EUR/GBP
|
0.0003
|
0.0004
|
|
EUR/JPY
|
0.04
|
0.03
|
|
GBP/JPY
|
0.06
|
0.07
|
|
USD/CHF
|
0.0004
|
0.0004
|
|
EUR/CHF
|
0.0003
|
0.0004
|
|
GBP/CHF
|
0.0007
|
0.0007
|
|
USD/CAD
|
0.0004
|
0.0004
|
|
EUR/CAD
|
0.0005
|
0.0005
|
|
EUR/AUD
|
0.0003
|
0.0005
|
|
GBP/AUD
|
0.0007
|
0.0009
|
|
GBP/CAD
|
0.0007
|
0.0008
|
|
CAD/JPY
|
0.04
|
0.05
|
|
NZD/JPY
|
0.06
|
0.07
|
|
AUD/JPY
|
0.06
|
0.06
|
|
EUR/NZD
|
0.0008
|
|
|
GBP/NZD
|
0.0021
|
|
|
NZD/CHF
|
0.0006
|
|
|
CHF/JPY
|
0.03
|
|
|
NZD/CAD
|
0.0006
|
|
|
AUD/CAD
|
0.0005
|
|
|
AUD/CHF
|
0.0005
|
|
|
AUD/NZD
|
0.0007
|
|
|
CAD/CHF
|
0.0005
|
|
Margins
Forex crosses are traded on a margin of 0,5%, where a deposit of USD 5,000 can be used to command Forex positions of up to USD 1 Million on the market.
Target Bid/Ask spreads
In market conditions, or when the liquidity of the market is low, spreads may widen, usually by not more than 3 pips.
Trading Hours
The Forex market is open from Monday 09:00 Sydney local time (currently Sunday 22:00 GMT) till Friday 17:00 New York local time (currently Friday 22:00 GMT) .
Position Rollovers
Spot Forex positions held until the end of the business day before their Value Date will be rolled over to a new Value Date on a "Tom Next" (Tomorrow next) basis (one business day forward). As part of the rollover, positions are subject to a swap charge or credit based on the LIBOR/LIBID interest rates of the two traded currencies with an added markup of +/- 0.5%.
Time of Rollovers
Open FX positions held at the end of a Trading Day at 17:00 New York local time will be rolled over to a new Value Date on a Tom/Next (Tomorrow next) basis after the change of trading day.
Currency Conversions
Currency conversions of profits and losses from trading activities are done using the spot mid rate.
